Day Trading Guide For May 5

9376 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

9330

9280

9400

9440

Initiate fresh long positions with a tight stop-loss only if the contract advances above ₹9400 levels



₹1533 • HDFC Bank

S1

S2

R1

R2

COMMENT

1515

1500

1544

1554

Fresh short positions are recommended with a tight stop-loss only if the stock falls below ₹1515 levels



₹936 • Infosys

S1

S2

R1

R2

COMMENT

924

915

945

955

Initiate fresh long positions with a fixed stop-loss if the stock rebounds up from ₹924 levels



₹281 • ITC

S1

S2

R1

R2

COMMENT

278

276

283

285

Consider initiating fresh long positions with a stiff stop-loss if the stock climbs above ₹283 levels



₹188 • ONGC

S1

S2

R1

R2

COMMENT

186

183

191

193

Initiate fresh long positions with a tight stop-loss only if the stock moves beyond ₹191 levels



₹1358 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1348

1335

1370

1385

Fresh long positions can be initiated with a fixed stop-loss if the stock rebounds up from ₹1348 levels



₹298 • SBI

S1

S2

R1

R2

COMMENT

295

292

301

304

Last session, the stock gained 3 per cent with good volume, moving above a key hurdle. Buy in dips



₹2327 • TCS

S1

S2

R1

R2

COMMENT

2310

2290

2350

2370

Make use of intra-day declines to buy the stock of TCS while maintaining a fixed stop-loss at ₹2310 levels



S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.

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